Why Did DigiAsia Corp (FAAS) Soar 23.05%?

DigiAsia Corp (FAAS) has surged 23.05% in pre-market trading on June 6, 2025, marking a significant rise in its stock price.

DigiAsia Corp has recently announced a strategic partnership with Indodax, Indonesia's largest cryptocurrency exchange. This collaboration aims to integrate licensed fiat fund transfer services directly into the Indodax platform, benefiting over 7 million users. The partnership is expected to enhance the user experience by providing real-time IDR fund transfers, which could potentially drive increased adoption and usage of the platform.

This strategic move by DigiAsia Corp is likely to have a positive impact on its stock price, as it expands its market reach and strengthens its position in the cryptocurrency sector. The partnership with Indodax not only opens up new opportunities for DigiAsia but also aligns with the growing trend of integrating traditional financial services with digital assets.